Technical Analysis | Steps Involved And Its Importance To Your Project

The project technical analysis process involves several steps to achieve accurate and valuable results. These include: 

1. Defining project objectives: Clear and precise project objectives should be defined, and the required criteria for achieving these objectives should be determined.
2. Identifying technical and artistic requirements: The technical and artistic requirements needed to implement the project successfully are identified, including hardware, software, tools, and human resources.
3. Analyzing technical and artistic risks: Potential technical and artistic risks that may affect the project's execution are analyzed, and appropriate measures are taken to deal with them.
4. System design: The system to be used to implement the project is designed, including the identification of the technologies and tools required to execute the system.
5. Cost analysis: The costs required to implement the project are analyzed, and the costs associated with hardware, software, and human resources are determined.
6. System testing: The system is tested to ensure that it functions properly and that any errors that may appear are corrected.
7. Results evaluation: The final results are evaluated to ensure that the project's objectives have been achieved and the success of its implementation is determined.

Continuous improvement: The system is continuously improved and developed to maintain quality and meet users' needs.

Depending on many aspects, the technical analysis process takes place in Alalmiya Alhura because business analysis operations are critical. These aspects are as follows:

Internal Technical Analysis Aspects (SWOT Analysis)

It should also be noted that the project analyst performs technical analysis of projects based on the company's internal conditions and environment. These factors are represented in a verbal abbreviation consisting of the letters of the word SWOT, and this depends on a set of aspects, as follows:

Strengths

In this aspect of the technical analysis of projects, the business analyst identifies the most critical points that distinguish your business activity in the labor market. This analysis helps to enhance and increase these points and work through them to attract consumers and draw their attention to your commercial activity.

Weaknesses

Identifying the weaknesses of any project is fundamental, as this helps to avoid them and work to reduce them and their impact. The biggest challenge for any project is to turn weaknesses into strengths and advantages that can overcome competitors. If the business analyst could do a comprehensive analysis of this, we could be confident that he could complete the most critical step in the work of technical analysis of projects. We at Alalmiya Alhura are fully aware of the importance of this step.

Opportunities

Opportunity analysis is an essential aspect during the technical analysis of projects, as the importance of business analysis and identification of enterprise opportunities lies in the possibility of increasing the company's sales and exploiting the strengths of the facility in acquiring a more significant percentage of the market, increasing profits and strengthening its competitive position.

Threats

Determining the threats facing your project is crucial, as the threats can be external factors such as the strength of competitors and social and legal events. It is also possible that the threats are represented by critical internal elements such as the company's financial risks or internal disturbances in the management or the work team.

The business analysis of projects is essential in planning and implementing projects. This analysis aims to study and analyze the technical and technological factors related to the project to determine its feasibility and success. The importance of technical analysis for projects includes:

• Identifying the technical and technological needs of the project, as well as evaluating the tools and technologies required to implement the project successfully.
• Determining the technical and technological steps and procedures necessary to achieve the project's objectives and evaluating the feasibility of these steps.
• Identifying the potential technical and technological risks and challenges the project may face and planning appropriate solutions for these challenges.
• Determining the costs of implementing the project, estimating the time required to complete it, and assessing the feasibility from an economic perspective.
• Evaluating the quality of the products and services provided within the project, determining their usability and potential for future development.